TES Global acquires stake in educational software provider EduKey
- Deal represents unique opportunity to scale a successful and profitable UK edtech innovator with a suite of products loved by teachers, and is in line with previous strategic investments in promising ‘teacherpreneur’ led start-ups
- Class Charts and Provision Map have already helped EduKey build a global user base of over 350,000 teachers and 4 million students
TES Global (“TES”), the digital education business, has invested in Edukey Education Ltd (“EduKey”), a rapidly growing provider of education software to teachers and schools. The acquisition further positions TES as a leading edtech investor and provider of digital services to teachers and schools. EduKey’s portfolio of products have in a short time built a global user base of over 350,000 teachers and 4 million students.
EduKey was founded in 2010 by former teacher of 16 years Duncan Wilson and software developer Gintas Sasnauskas and has two leading products. Class Charts (www.classcharts.com) is an artificial intelligence driven seating plan and behaviour management platform that provides instant seating plans, behaviour management and powerful behaviour analytics to support teachers in the classroom. Provision Map (www.provisionmap.com) is a Special Education Needs management tool.
Rob Grimshaw, CEO of TES Global said:
“We’re delighted that EduKey will be joining the TES family. Teachers love the company’s products and we’re all excited about the opportunities to make them available to the TES community of 8 million educators. Teacherpreneurs like Duncan are hugely passionate about education and know what works in the classroom. And this is demonstrated clearly in the rapid take up of the products all over the world.”
Duncan Wilson, Founder and Director of EduKey, said:
"I am thrilled that TES Global have recognised the value and potential of Edukey. It has taken a great deal of hard work to get us to where we are now and we are on the cusp of an incredibly exciting new chapter for the company with Class Charts and Provision Map growing rapidly The endorsement and support of TES is hugely significant as we look to support an ever increasing number of global teachers.”
Stephen Crabb MP, former Secretary of State for Wales and Preseli Pembrokeshire commented:
“This deal is exciting news for EduKey as a business and exciting news for Pembrokeshire. Duncan and his team have done an excellent job in creating an innovative global hi-tech business which has huge potential for growth. This deal will open doors to new opportunities and I am thrilled that the business will be looking to create so many hi-tech jobs within its already established local team. I look forward to watching their continued success.”
Edukey Education Ltd is a rapidly growing provider of education software to teachers and schools. Founded by a teacher with 16 years of experience in the classroom, the company provides a range of software products with its flagship products being Class Charts (www.classcharts.com), a seating plan and behaviour management platform and Provision Map (www.provisionmap.com) which are supplied to schools in the UK and the rest of the world.